Warehouse consultant Larry Charbonneau noted that he knows of at least two new entrants to the business.

One industry consultant warns that when times are good, mortgage banking income can “turbocharge” earnings but...

While most borrowers felt positive about the new forms, 63 percent said their experience with TRID prevented them from closing on their new homes within the desired timeframe.

The Mortgage Bankers hailed the bill for supporting a number of MBA priorities and for rejecting an administration proposal to fund FHA technology upgrades through a fee on lenders.

“Investors are taking the conservative approach,” said the Morrison & Foerster attorney. “No one wants to be the test case. They’re all worried about what a court might say.”

Roughly $41.42 billion of non-mortgage ABS were issued in the first quarter, up 35.8 percent from the unusually low volume at the end of 2015.

Altavera chief Brian Simons said staffing requests suggest the industry is preparing for an increase in non-QM business.

Then again, I’ve talked to recruiters who believe that good LOs are worth every nickel as long as they bring in the business.

Bank of America and JPMorgan Chase are using somewhat different strategies for conforming mortgages eligible for sale to the government-sponsored enterprises. Both banks are originating significant amounts of conforming mortgages and retaining some of the loans in portfolio instead of delivering them to the GSEs. BofA said its mortgage-banking income has declined due to holding mortgages in portfolio while Chase sold some of the credit risk on its conforming mortgage ...

The company that claims to be the largest originator of mortgages via marketplace lending continues to work on offering nonconforming mortgage products, including non-qualified mortgages. LendingHome announced last week that it has originated more than $550 million in mortgages since 2014 via marketplace lending. Marketplace lenders connect borrowers with institutional investors and individual investors. LendingHome said its mortgage originations ...